XML 64 R35.htm IDEA: XBRL DOCUMENT v2.4.0.6
Pension And Other Postretirement Benefit Plans (Tables)
 12 Months Ended
Mar. 31, 2012
Pension And Other Postretirement Benefit Plans [Abstract]  
Assumptions Used To Compute Net Periodic Benefit Cost And Benefit Obligations
 
Pension Benefits
 
Other Postretirement Benefits
 
2012
  
2011
  
2010
 
2012
  
2011
  
2010
Discount rates:
 
  
 
  
 
 
 
  
 
  
 
Benefit cost for plan year
5.50
%
  
6.00
%
  
7.75
%
 
5.50
%
  
6.00
%
  
7.75
%
Benefit obligation at end of plan year
4.60
%
  
5.50
%
  
6.00
%
 
4.40
%
  
5.50
%
  
6.00
%
Expected long-term return on plan assets:
 
 
 
 
 
 
 
 
 
 
 
Benefit cost for plan year
8.00
%
  
8.00
%
  
7.75
%
 
4.30
%
  
4.30
%
  
4.30
%
Benefit obligation at end of plan year
8.00
%
 
8.00
%
 
8.00
%
 
4.30
%
 
4.30
%
 
4.30
%
Salary scale
5.00
%
  
5.00
%
  
5.00
%
 
5.00
%
  
5.00
%
  
5.00
%
Healthcare cost trend rate
N/A

  
N/A

  
N/A

 
7.80
%
  
8.00
%
  
8.30
%
Benefit Obligations, Plan Assets, And Funded Status
 
Pension Benefits
  
Other Postretirement Benefits
 
March 31,
 
March 31,
 
2012
 
2011
 
2012
 
2011
Actuarial present value of benefit obligation:
 
 
 
 
 
 
 
Accumulated benefit obligation
$
278,128

  
$
236,701

 
$
—

 
$
—

Projected benefit obligation
302,632

  
262,085

 
48,784

 
43,888

 
 
 
 
 
 
 
 
Change in projected benefit obligation:
 
 
 
 
 
 
 
Projected benefit obligation, beginning of year
$
262,085

 
$
243,760

 
$
43,888

 
$
43,429

Service cost
4,614

 
4,835

 
591

 
787

Interest cost
13,959

 
14,168

 
2,636

 
2,534

Effect of discount rate change
34,292

 
15,174

 
5,205

 
2,245

Foreign currency exchange rate changes
(1,733
)
 
1,626

 
—

 
—

Curtailment
—

 
966

 
—

 
—

Settlements
—

 
(8,483
)
 
—

 
—

Other
5,975

 
5,411

 
529

 
(1,222
)
Benefit payments
(16,560
)
 
(15,372
)
 
(4,065
)
 
(3,885
)
Projected benefit obligation, end of year
$
302,632

 
$
262,085

 
$
48,784

 
$
43,888

 
 
 
 
 
 
 
 
Change in plan assets:
 
 
 
 
 
 
 
Plan assets at fair value, beginning of year
$
195,715

 
$
182,792

 
$
3,284

 
$
3,499

Actual return on plan assets
15,451

 
26,077

 
146

 
238

Employer contributions
6,259

 
9,211

 
3,697

 
3,432

Settlements
—

 
(8,483
)
 
—

 
—

Foreign currency exchange rate changes
(1,340
)
 
1,490

 
—

 
—

Benefit payments
(16,560
)
 
(15,372
)
 
(4,065
)
 
(3,885
)
Plan assets at fair value, end of year
$
199,525

 
$
195,715

 
$
3,062

 
$
3,284

 
 
 
 
 
 
 
 
Funded status:
 
 
 
 
 
 
 
Funded status of the plans, end of year
$
(103,107
)
  
$
(66,370
)
  
$
(45,722
)
 
$
(40,604
)
Funded Status In Consolidated Balance Sheets
 
Pension Benefits
 
Other Postretirement Benefits
 
March 31,
 
March 31,
 
2012
 
2011
 
2012
 
2011
Non-current asset (reported in other noncurrent assets)
$
1,424

 
$
1,493

 
$
—

 
$
—

Current liability (included in accounts payable and accrued expenses)
(6,511
)
 
(2,098
)
 
(3,213
)
 
(3,511
)
Non-current liability (reported as pensions and other postretirement benefits)
(98,020
)
 
(65,765
)
 
(42,509
)
 
(37,093
)
Amounts recognized in the consolidated balance sheets
$
(103,107
)
 
$
(66,370
)
 
$
(45,722
)
 
$
(40,604
)
Additional Information On Funded Status
 
Pension Benefits
 
Other Postretirement Benefits
 
March 31,
 
March 31,
 
2012
 
2011
 
2012
 
2011
For plans with a projected benefit obligation in excess of plan assets:
 
 
 
 
 
 
 
Aggregate projected benefit obligation
$
294,325

 
$
257,240

 
$
48,784

 
$
43,888

Aggregate fair value of plan assets
189,795

 
189,378

 
3,062

 
3,284

For plans with an accumulated benefit obligation in excess of plan assets:
 
 
 
 
 
 
 
Aggregate accumulated benefit obligation
270,569

 
232,342

 
N/A

 
N/A

Aggregate fair value of plan assets
189,795

 
189,378

 
N/A

 
N/A
Components Of Company's Net Periodic Benefit Cost
 
Pension Benefits
 
Other Postretirement Benefits
 
Fiscal Year Ended March 31,
 
Fiscal Year Ended March 31,
 
2012
 
2011
 
2010
 
2012
 
2011
 
2010
Components of net periodic benefit cost:
 
 
 
 
 
 
 
 
 
 
 
Service cost
$
4,614

 
$
4,835

 
$
3,815

 
$
591

 
$
787

 
$
581

Interest cost
13,959

 
14,168

 
14,899

 
2,636

 
2,534

 
2,789

Expected return on plan assets
(14,958
)
 
(14,938
)
 
(13,687
)
 
(134
)
 
(144
)
 
(152
)
Curtailment loss
—

 
966

 
—

 
—

 
—

 
—

Settlement cost
—

 
3,119

 
4,640

 
—

 
—

 
—

Net amortization and deferral
6,309

 
3,937

 
1,387

 
(335
)
 
(253
)
 
(1,083
)
Net periodic benefit cost
$
9,924

 
$
12,087

 
$
11,054

 
$
2,758

 
$
2,924

 
$
2,135
Recognized In Accumulated Other Comprehensive Income (Loss) On Pretax Basis
 
Pension Benefits
 
Other Postretirement Benefits
 
March 31,
 
March 31,
 
2012
 
2011
 
2012
 
2011
Change in net actuarial loss (gain):
 
 
 
 
 
 
 
Net actuarial loss (gain), beginning of year
$
75,138

 
$
73,301

 
$
(6,722
)
 
$
(7,452
)
Losses (gains) arising during the year
39,461

 
5,996

 
1,475

 
478

Reclassification adjustments during the year
(6,428
)
 
(4,159
)
 
603

 
252

Net actuarial loss (gain), end of year
108,171

 
75,138

 
(4,644
)
 
(6,722
)
 
 
 
 
 
 
 
 
Change in prior service cost (benefit):
 
 
 
 
 
 
 
Prior service cost (benefit), beginning of year
(3,393
)
 
(3,145
)
 
—

 
—

   Prior service cost arising during the year
—

 
—

 
750

 
—

Reclassification adjustments during the year
313

 
(248
)
 
(250
)
 
—

Prior service cost (benefit), end of year
(3,080
)
 
(3,393
)
 
500

 
—

Total amounts in accumulated other comprehensive loss
at end of year, before income taxes
$
105,091

 
$
71,745

 
$
(4,144
)
 
$
(6,722
)
Weighted-Average Target Pension Asset Allocation And Target Ranges By Major Asset Category
 
 
 
 
 
 
 
Actual Allocation
 
Target Allocation
 
 
 
 
 
March 31,
Major Asset Category
 
Range
 
2012
 
2011
Domestic equity securities
44.0
%
 
37
%
—

51
%
 
45.5
%
 
45.6
%
International equity securities
13.0
%
 
10
%
—

16
%
 
12.1
%
 
13.6
%
Fixed income securities (1)
33.0
%
 
26
%
—

40
%
 
32.3
%
 
31.2
%
Alternative investments:
 
 
 
 
 
 
 
 
 
Real estate funds
5.0
%
 
3
%
—

7
%
 
5.4
%
 
4.7
%
Hedge funds
5.0
%
 
3
%
—

7
%
 
4.7
%
 
4.9
%
Total
100.0
%
 
 
 
 
 
100.0
%
 
100.0
%
Estimated Future Benefit Payments
Fiscal Year:
Pension
Benefits
 
Other
Postretirement
Benefits
2013
$
26,356

 
$
3,213

2014
16,750

 
3,274

2015
14,878

 
3,329

2016
18,203

 
3,353

2017
19,183

 
3,404

2018 - 2022
100,682

 
16,424
Fair Values Of The Assets Under Fair Value Hierarchy
 
March 31, 2012
 
Level 1
 
Level 2
 
Level 3
 
Total
Domestic equity securities
$
26,025

 
$
55,420

 
$
—

 
$
81,445

International equity securities
20,935

 
—

 
—

 
20,935

Fixed income securities (1)
21,470

 
51,708

 
6,083

 
79,261

Alternative investments:
 
 
 
 
 
 
 
Real estate fund
—

 
—

 
8,358

 
8,358

Hedge fund
—

 
—

 
9,526

 
9,526

Total investments
$
68,430

 
$
107,128

 
$
23,967

 
$
199,525

 
March 31, 2011
 
Level 1
 
Level 2
 
Level 3
 
Total
Domestic equity securities
$
27,300

 
$
52,768

 
$
—

 
$
80,068

International equity securities
23,925

 
—

 
—

 
23,925

Fixed income securities (1)
16,974

 
52,425

 
5,362

 
74,761

Alternative investments:
 
 
 
 
 
 
 
Real estate fund
—

 
—

 
8,338

 
8,338

Hedge fund
—

 
—

 
8,623

 
8,623

Total investments
$
68,199

 
$
105,193

 
$
22,323

 
$
195,715